Jessica deposits 8000 into fund a that earns a nominal rte, Financial Management

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Jessica deposits 8000 into fund a that earns a nominal rte

Jessica deposits 8000 into fund A that earns a nominal rte of 4% convertible quarterly. At the end of each quarter for 5 years, Jessica withdraws 400 from A and deposits into fund B that earns a nominal interest rate of 5.5% convertible quarterly. Immediately after the end of 5 years, calculate the total accumulated value that jessica has in fund A and fund B.

A 9136 B 9879 C 10090 D 10100 E 10477

Please, no excel spreadsheets

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Financial Management: Jessica deposits 8000 into fund a that earns a nominal rte

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